Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note published on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC traded down $0.37 during midday trading on Friday, reaching $24.26. The company’s stock had a trading volume of 562 shares, compared to its average volume of 3,425. The business’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $23.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50. The company has a market capitalization of $114.26 million, a P/E ratio of 9.82 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The business had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. During the same period last year, the company earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given a $0.22 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.63%. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.